NUMHERIT and AUXFIN sign interoperability agreement
CEO of AUXFIN, Mr. Cornelis Heesbeen and Mr. Mamadou Toure, Managing Director of Numherit
AUXFIN and NUMHERIT signed an interoperability agreement to enable sending and receiving funds between the wallets of their platforms. Users of the PosteCash and UMVA services will be able to transfer money between the respective accounts (interoperability). This agreement was formalized on June 16, 2017, during the celebration of the International Day of Family Remittances at the GFRiD2017 in New York.
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NUMHERIT Press Release
An example of an UMVA installation in Burundi
In Burundi AUXFIN has installed the UMVA platform to support the fertilizer distribution of PAN-PNSEB, a national program to receive subsidized fertilizer for small holder farmers. In total we have 640.000 smallholders families in our platform. To support the low income families we have developed and installed an agent solution. The Agent is the Group leader, as i this video the leader of G50. He is connected to the MFI in Burundi called COOPEC. Every member has his individual transaction account in UMVA CLIENT. An UMVA transaction account is a more then a bank account, it is also a payment, product, message and reporting account. The agent organizes the finances for his group, deposits, withdraw, savings and loans. On top of the financial transactions the Agent is able to order products for his members in the group, such as fertilizer, seed or solar. By entering the product and quantity for a member he is able to place the orders automatically and the member will pay on line. The platform is also capable of sales of agricultural products.
The platform in Burundi is also used for reporting of the ordered and paid fertilizer, by all levels, such as group, village, commune, province etc.
AUXFIN started with a UMVA demo project in Sierra Leone
The post organization of Sierra Leone, SALPOST, take a new direction with the support of UMVA.
The team delivered a demo of UMVA and the project to directors of MFI's and Agri cooperatives.
Demo to high-level representatives of different ministeries
Staff of Salpost dedicated to the Post UMVA service.
Preparation for the TV Broadcast in Sierra Leone